22/11/2024 09:44

Portfolio Amendment – Active Growth Portfolio

We are adding to a position in the Active Growth Portfolio.

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22/11/2024 09:22

NEXTDC Ltd (NXT) $16.37

Over recent years, data centre operator NXT has been the local markets' go-to for exposure, but in 2024, GMG and now Digico have afforded investors alternatives to diversify their exposure to the underlying trends,. NXT raised $1.3bn at $15.40 in April 2024 to accelerate development and expansion projects across its Australian data centres, including significant upgrades in Sydney and Melbourne.

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25/10/2024 09:19

NEXTDC (NXT) $16.21

Earlier this month we took a small position in NXT, hoping to increase it if/when we see further weakness – Alert. This week’s news from HMC saw NXT used as a funding vehicle and the stock slipped 3.9% as a result. Importantly, we regard this as an opportunity as opposed to concern and in typical “plan your trade & trade your plan” fashion we expect/hope to be increasing our position below $16.

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22/10/2024 09:18

NEXTDC Ltd (NXT) $17.65

NXT has been on our radar through much of 2024, in line with our belief in the data centre/AI evolution, and we recently took a relatively small position following its capital raise.  Similar to a few tech-facing stocks, we have been too pedantic with our entry this FY, hence the dip your toe in the water approach, hoping to buy into further weakness.

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10/10/2024 09:32

Active Growth Portfolio – Amendment

We are adding a new position to the Active Growth Portfolio today

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03/10/2024 09:20

NEXTDC Ltd (NXT) $17.22

NXT has been on our Hitlist for a few weeks, and unfortunately, it has fallen short of our optimum entry levels. This has led us to reassess whether we should “scale in” to a position, almost hoping for lower levels, e.g., buy NXT around $17, looking to average below $16.

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17/09/2024 09:22

NEXTDC Ltd (NXT) $17.00

NXT slipped 1.3% on Monday, 15c below where it recently raised $750mn to fund its expansion into Asia. It made us revisit how this data-centres shares performed after its previous raises:

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30/08/2024 09:16

NEXTDC Ltd (NXT) $16.81

Last but not least is $10bn data centre business NXT which we believe is a great indirect way to gain exposure to the AI revolution, i.e. AI requires tremendous amounts of energy and high-performance, scalable storage options to manage massive data volumes produced by AI applications.

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29/08/2024 09:44

NEXTDC Ltd (NXT) $17.05

Data centre operator NXT slipped -4.3% on Wednesday after its guidance for FY 2025 overshadowed a solid FY24 performance. However, like fellow data centre play Goodman Group (GMG), NXT tends to “under promise and over deliver”.

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15/08/2024 09:21

NEXTDC (NXT) $16.84

We have discussed data centre operator NXT a few times over recent months as an alternative to both Xero (XRO) and Goodman Group (GMG). Although they are undoubtedly different businesses, they have been positively correlated over the last year, especially with GMG. The market will be looking for growth outside of Sydney later this month, which shouldn’t be too hard to achieve, in our opinion.

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